The Long-Term Evolution (LTE) market is expected to grow at a CAGR of 28.14% with a market valuation of US$34.216 billion in 2021 and is expected to reach a market value of US$194.126 billion by 2028.
The market for the long-term evolution (LTE) technology is significantly impacted due to rising data consumption and usage, and mobile subscriptions in the world.
As per the report, the long-term evolution (LTE) market is expected to witness significant growth during the forecasted period.
The increase in demand for LTE networks is driven by the increase in demand for high data usage and is also one of the major growth factors for the growth of the global long-term evolution (LTE) market. The increase in mobile phone subscriptions can be coupled with the increase in the demand for downloading and uploading documents and other forms of media onto the internet and is especially booming among the millennial and Gen Z generations, who are major contributors to the growth of demand for faster and better internet connectivity. Another factor that boosts the growth of the market is the need for uninterrupted audio and video streaming without any obstacles coupled with the experience it provides to the user while live streaming.
The increase in data usage can be considered as one of the major growth factors in the long-term evolution (LTE) market. As per the company CISCO Systems Inc, the number of internet users, network-connected devices and mobile users in the Asia Pacific displays significant growth during the forecasted period, with an estimation of 5.3 billion internet users in 2023 (66% of the total world population), which is an increase from 3.9 billion in 2018 (51% of the total world population). This increase in data usage and internet activity will bring forth an increase in growth in the technology of the long-term evolution (LTE) and will propel the LTE market during the forecasted period.
The long-term evolution market has been categorized based on mode, technology, application, end-user devices, and geography.
Based on mode, the long-term evolution (LTE) market is categorized into two types, which include FDD (Frequency Division Duplex), and TDD (Time Division Duplex). FDD is a type of full-duplex method that uses two different frequencies to transmit and receive operations, whereas TDD is a type of communication method that makes use of both the transmitter and receiver in the same frequency but isn’t able to transmit and receive at the same time.
Based on technology, the long-term evolution (LTE) market, is categorized into three types, which include LTE OFDM (Orthogonal Frequency Division Multiplex), LTE MIMO (Multiple Input Multiple Output), and LTE SAE (System Architecture Evolution). These types of technology of the LTE allow for smooth transmission and receiving of media through devices and are different for each type of technology.
Based on application, the long-term evolution (LTE) market is categorized into five types, which include audio/video telephony, live TV, browsing, gaming, and sharing. LTE is commonly used in the transfer of media in the forms of video, audio, images, and many others from one device to another. In the present day and age, computer devices and mobile phones are the main sources of media transfer and access.
Based on end-user devices, the long-term evolution (LTE) market is categorized into three types, which include smartphones, tablets, and laptops. Smartphones contribute to the majority of the growth of the LTE market, due to the increasing production of mobile phones and increasing consumption of the internet through easily accessible devices such as smartphones, and tablets.
Based on geography, the North American region is expected to witness significant growth in the long-term evolution (LTE) market during the forecasted period. The factor that affects the market is the increasing number of internet users and data usage in the region during the forecasted period. As per the reports of the global leader of communications and technology provider CISCO Systems Inc., the Asia Pacific (APAC) region is expected to witness significant growth of internet users, which accounts for an estimated 3.1 billion users in 2023 (73% of the total APAC population), which is an increase from 2.1 billion in 2018 (52% of the total APAC population). It was also shown that the number of mobile users will also be expected to witness a significant increase, with an estimated value of 3.1 billion users in 2023 from 2.7 billion in 2018. The increase in mobile and internet users can have a significant impact on the growth of the long-term evolution (LTE) market during the forecasted period, due to the increase in the population of countries such as India and China propelling the growth of internet users in the Asia Pacific region.
The research includes several key players from the long-term evolution (LTE) market, such as ZTE, Fujitsu, Samsung, Qualcomm, Cisco, Nokia, HUAWEI, Ericsson, Motorola Solutions, Inc., and Juniper Networks.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-long-term-evolution-lte-market
The analytics report categorizes the long-term evolution (LTE) market using the following criteria:
- By Mode
- FDD (Frequency Division Duplex)
- TDD (Time Division Duplex)
- By Technology
- LTE OFDM (Orthogonal Frequency Division Multiplex)
- LTE MIMO (Multiple Input Multiple Output)
- LTE SAE (System Architecture Evolution)
- By Application
- Audio/Video Telephony
- Live TV
- By End-User Device
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America